Financial Reporting Process The following contains the various steps of the financial reporting process. Place these steps in the proper order and indicate whether each step is a function of the TPS, GLS, or FRS.

• Record transaction in special journal

• Make adjusting entries

• Capture the transaction

• Prepare the post-closing trial balance

• Prepare the adjusted trial balance

• Prepare the financial statements

• Journalize and post the adjusting entries

• Post to the subsidiary ledger

• Post to the general ledger

• Journalize and post the closing entries

• Prepare the unadjusted trial balance